59 Spencer AveApalachinNY13827
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Apalachin at 59 Spencer Ave, Apalachin, NY, 13827 offers a 9.83% rental yield on a $199,999 purchase with $1,638/mo rent. Total monthly income registers $1,638/mo, and a $979/mo payment leaves $302/mo available for distribution. Annual cash flow reaches $3,628/yr on $66,300 to close, and return on cash invested stands at 25.38% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 132.88% and total cumulative return in cash at $88,100. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,638/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13827, Owego, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,360 (100%) |
| Owner Occupied HU | 3,381 (63.1%) |
| Renter Occupied HU | 1,480 (27.6%) |
| Vacant Housing Units | 499 ( 9.3%) |
| Median Home Value | $172,375 |
| Average Home Value | $188,393 |
Housing Distribution
Address Breakdown
Residential
4,983
Single Family
4,745
Multi-Family
238
Businesses
455
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